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NEW YORK—Rosen Tami, Chief Development Officer and Director at Pagaya Technologies Ltd. (NASDAQ:PGY), recently executed a series of stock transactions involving the company’s Class A Ordinary Shares. According to a filing with the Securities and Exchange Commission dated June 12, 2025, Tami sold 8,187 shares at a price of $17.90 each, totaling $146,547. This sale was conducted to meet tax withholding obligations following the vesting of a compensatory award. The transaction occurred as PGY trades near its 52-week high of $19.20, with the stock showing remarkable momentum, gaining over 90% in the past six months according to InvestingPro data.
Additionally, Tami acquired 15,625 shares through the vesting of restricted stock units. These shares were acquired at no cost as part of a compensatory award, which vests over two years in eight equal quarterly installments beginning June 12, 2025. After these transactions, Tami holds a total of 45,619 shares directly.
Investors will note these transactions as part of Tami’s ongoing stock management activities within Pagaya Technologies.
In other recent news, Pagaya Technologies reported impressive financial results for the first quarter of 2025, surpassing analyst expectations. The company achieved earnings per share of 69 cents, compared to a projected loss of 17 cents, and reported revenues of $290 million, exceeding forecasts of $286.3 million. Pagaya also announced a new $1 billion asset-backed securitization program, POSH, to enhance point-of-sale financing, with the first transaction valued at $300 million. Benchmark analysts maintained their Buy rating on Pagaya, reflecting confidence in the company’s growth prospects, while Citizens JMP reaffirmed a Market Outperform rating with a $20 price target. Additionally, Pagaya’s annual general meeting saw the election of several directors and the approval of executive compensation packages, indicating strong shareholder support. The company continues to focus on expanding its lending capabilities, highlighted by a 50% sequential increase in auto loan volumes. As Pagaya advances its strategic initiatives, it remains committed to transparency and shareholder engagement.
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